Senior Broker - Natural Resources (Downstream)

TN United Kingdom; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Senior Broker for Natural Resources in London. This pivotal role involves managing client portfolios and ensuring optimal terms for clients. You will collaborate with Account Directors to develop effective broking strategies and negotiate with carriers. Your insights into market trends and conditions will be crucial for driving revenue growth initiatives. If you are passionate about building relationships and have a strong background in broking, this is an exciting opportunity to make a significant impact in a dynamic environment.

Qualifications

• Experience in managing client portfolios and delivering optimal terms.
• Strong understanding of market subjectivities and brokerage processes.

Responsibilities

• Developing broking strategies and negotiating terms with carriers.
• Managing client communications and ensuring timely agreement of slips.

Skills

Negotiation Skills

Client Relationship Management

Market Analysis

Broking Strategies

Communication Skills

Education

Bachelor's Degree in Finance or Business

Professional Certification in Broking

Tools

PPL Platform

Broking Platform

Job description

Job Description

The Role

The Senior Broker for Natural Resources (Downstream) in London is responsible for managing a portfolio of clients and prospects, ensuring the delivery of optimal terms and conditions to meet client requirements. The role reports to the Head of Broking for the Line of Business.

The key responsibilities include:

1. Developing broking and placement strategies in collaboration with the Account Director and Executive.
2. Reviewing slips for key clauses and the Commission Grid Brokerage.
3. Negotiating terms with lead and follow carriers.
4. Ensuring market subjectivities are clear and actionable.
5. Managing binding of markets and removal of subjectivities.
6. Communicating broking progress to the Account Director and Account Executive.
7. Accurately completing and binding markets on the PPL platform.
8. Completing the Broking Platform for all lines placed and closing placements before inception.
9. Ensuring timely agreement of slips and endorsements by markets to meet client deadlines.
10. Supporting AD/AE in client meetings, prospecting, and joint account planning.
11. Supporting revenue growth initiatives related to SMB, engineering, and commission.
12. Contributing to RFPs with market insights, marketing strategy, placement structure, and pricing.
13. Building and maintaining relationships with carriers and supporting the carrier management team.
14. Providing market insights on rating trends, emerging insurer focus areas, and changes to terms and conditions.